Republic Bancorp Inc. (RBCAA) Financial Statements (2025 and earlier)

Company Profile

Business Address REPUBLIC CORPORATE CENTER
LOUISVILLE, KY 40202
State of Incorp. KY
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments316,741313,800759,591488,670388,491354,280
Cash and cash equivalents316,567313,689756,971485,587385,303351,474
Short-term investments1741112,6203,0833,1882,806
Total current assets:316,741313,800759,591488,670388,491354,280
Noncurrent Assets
Operating lease, right-of-use asset34,69137,01738,82543,34535,206
Property, plant and equipment33,41131,97836,07339,51245,36043,126
Intangible assets, net (including goodwill)47,92725,07025,49623,39522,18821,219
Goodwill40,51616,30016,30016,30016,30016,300
Intangible assets, net (excluding goodwill) 7,4118,7709,1967,0955,8884,919
Investment, proportional amortization method, elected, amount 75,05575,324   3,971
Total noncurrent assets:191,084169,389100,394106,252102,75468,316
Other undisclosed assets6,087,0665,352,3545,233,6475,573,4035,129,0744,817,808
TOTAL ASSETS:6,594,8915,835,5436,093,6326,168,3255,620,3195,240,404
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt110,000  10,00030,000120,000
Total current liabilities:110,000  10,00030,000120,000
Noncurrent Liabilities
Liabilities, other than long-term debt58,61943,60923,38327,89124,88814,029
Investment program, proportional amortization method, elected, commitment58,61943,60923,38327,89124,88814,029
Total noncurrent liabilities:58,61943,60923,38327,89124,88814,029
Other undisclosed liabilities5,513,5164,935,3215,236,0175,307,1114,801,1874,416,441
Total liabilities:5,682,1354,978,9305,259,4005,345,0024,856,0754,550,470
Equity
Equity, attributable to parent912,756856,613834,232823,323764,244689,934
Common stock4,5534,6484,7024,8994,9074,900
Additional paid in capital142,124141,694139,956143,637142,068141,018
Accumulated other comprehensive income (loss)(20,408)(31,979)1,8748,5093,098(997)
Retained earnings786,487742,250687,700666,278614,171545,013
Total equity:912,756856,613834,232823,323764,244689,934
TOTAL LIABILITIES AND EQUITY:6,594,8915,835,5436,093,6326,168,3255,620,3195,240,404

Income Statement (P&L) ($ in thousands)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues360,235326,501307,453319,368311,134289,483
Net investment income344,408232,459224,896250,842273,610249,451
Cost of revenue(47,624)(22,348)(14,808)(31,278)(25,758)(31,368)
Provision for loan, lease, and other losses(47,624)(22,348)(14,808)(31,278)(25,758)(31,368)
Gross profit:312,611304,153292,645288,090285,376258,115
Operating expenses(56,884)(52,867)(51,342)(54,498)(49,833)(49,098)
Operating income:255,727251,286241,303233,592235,543209,017
Nonoperating income      
Investment income, nonoperating      
Bank owned life insurance income      
Interest and debt expense(67,285)(7,493)(5,666)(19,943)(44,757)(30,123)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (125,296)(111,016)(77,593)(84,631)
Income from continuing operations before equity method investments, income taxes:188,442243,793110,341102,633113,19394,263
Other undisclosed loss from continuing operations before income taxes(75,229)(126,948)    
Income from continuing operations before income taxes:113,213116,845110,341102,633113,19394,263
Income tax expense(22,839)(25,739)(23,552)(19,387)(21,494)(16,411)
Income from continuing operations:90,37491,10686,78983,24691,69977,852
Income before gain (loss) on sale of properties:86,78983,24691,69977,852
Net income available to common stockholders, basic:90,37491,10686,78983,24691,69977,852
Dilutive securities, effect on basic earnings per share(92)(87)(100)(35)(118)(102)
Net income available to common stockholders, diluted:90,28291,01986,68983,21191,58177,750

Comprehensive Income ($ in thousands)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:90,37491,10686,78983,24691,69977,852
Other comprehensive income (loss)   104(219)206
Comprehensive income:90,37491,10686,78983,35091,48078,058
Other undisclosed comprehensive income (loss), net of tax, attributable to parent11,571(33,853)(6,635)5,3074,314(1,619)
Comprehensive income, net of tax, attributable to parent:101,94557,25380,15488,65795,79476,439

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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